Chainlink's native token, LINK, has gained attention after Donald Trump's $4.7 million investment, attracting other large-scale investors. Despite a significant accumulation of 770,000 LINK worth $19.48 million in the past 24 hours, there was no impact on the token's price. LINK is currently trading near $25.70, experiencing a 2.50% price decline and a 44% drop in intraday trading volume. Technical analysis suggests that LINK is bullish and may rally by 50% if it breaches the upper boundary of its consolidation at $26.40. The RSI indicates a potential price reversal and traders appear bearish, favoring short positions.
Content Editor ( coinpedia.org )
- 2025-01-21
Whales Invest $20M in Chainlink (LINK) Following Trump’s Inauguration
